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. also with the terror attack rocks afghanistan, should the u.s. rethink the drawdown plan? we get on the ground assessment from those on the ground in foreign policy, senator joe lieberman and lindsey graham. what do the fundraising numbers tell us about the presidential field. we ask the sunday panel, which candid gaits are making a move -- candidates are making a move and which are stalled. on this fourth of july weekend, actor gary sinise tells us how he wants to help the veterans and the wounded warriors. all right now on "fox news sunday." hello again, from fox news in washington. as the nation celebrates the fourth of july holiday weekend. it's getting to be crunch time in the capital in the high-stakes battle over increasing the debt ceiling. here to discuss where the negotiations stand is a member of the senate republican leadership, john cornyn. welcome back to sunday sunday. >> good morning. >> on friday, the treasury department reiterated what it told us. august 2 is the date we exhaust the borrowing authority under the current debt ceiling re cap what the president had
for two wars in iraq and afghanistan and you borrow all the money from china, you are going to have to pay for it at some point. >> bret: you mention social security in the president's deficit commission report, they say among other things without action the benefits currently pledged under social security are promise we cannot keep. do you think changes need to be made to social security for future generations or not? >> absolutely. you said the operative words. "future generations." we're not talking about balancing the budgets today for future generations. we're doing it because if we don't do it today, the person who pay the mortgage tomorrow see it shot up. this is not about the future obligation. social security will be good for the next quarter century. we should do something after the quarter century, we are not paying 78 cents on the dollar but we're paying 100% on the dollar. >> bret: last year for the first time since the '80s, social security paid out more benefit than it took in payroll taxes. correct? >> true. >> bret: essentially, correct me if i'm wrong, the social security
members of congress on the republican side, house and senate, have been urging us to stay in afghanistan, to continue to spend $10 billion a month. we know we borrow 40 cents for every dollar we spend. $4 billion of the $10 billion each month they want to us spend needs to be borrowed. then the president comes in and says here is the debt ceiling. we have the borrow the money to continue the war. that's one example that you're in favor of. they're saying we're not going to touch it. we're opposing the debt ceiling. harry reid siz if you stand for policy to spend the money, responsibly stand up and vote for extension of the debt ceiling. >> bret: sure, but when you are upset about the situation you're in now and look back to december 2010, you could have taken care of it then. >> maybe. i don't know if it could have been part of the grand deal that extented the tax cuts across america and unemployment compensation benefits. that is monday morning quarterbacking. >> bret: one last thing. you think this deal, whatever is it, can get through the house? >> you're asking me? i don't know the a
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